JAPAN: Nippon H1 profits hit by mislabelling scandal

Japanese meat processor Nippon Meat Packers has reported an 81.5% dive in first-half group net profit due to the effects of a beef mislabelling scandal. Nippon Meat Packers reported group net profit of ¥1.79bn (US$14.8m) for the six months to September, compared with a profit of ¥9.66bn in the year-ago period.

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